Georgia House Republicans are proposing an additional tax cut for parents.
House Speaker Jon Burns on Wednesday said his GOP caucus will back a plan to raise the amount that parents can deduct per child from their yearly state income taxes to $4,000 from the current $3,000. With Georgia’s income tax rate currently at 5.49%, that works out to as much as $55 more per child, or about $150 million statewide.
“While rising child care costs are here with us every day, we’re hoping this extra $1,000 deduction per child will help alleviate some of those costs for the parents,” Burns, of Newington, told reporters at a news conference.
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